HK Stock Market Move | CNGR Advanced Material (02579) rose by nearly 5%. The company has secured 5-6 billion wet tonnes of nickel ore resources and has already established four major nickel raw material industrial bases in Indonesia.

CNGR Advanced Material (02579) rose nearly 5%, as of the time of publication, it rose 4.11% to 37.46 Hong Kong dollars, with a turnover of 30.0278 million Hong Kong dollars. On the news front, recently, CNGR Advanced Material stated in investor relations activities that the company has locked in 500-600 million wet tons of nickel ore resources through investment, equity participation, and long-term agreements. It has also established four major nickel raw material production bases in Indonesia, forming an integrated industry chain of resources-smelting-materials. Currently, the company has built a nickel smelting capacity of 195,000 metric tons, with an equity capacity of approximately 120,000 tons, of which the high-purity nickel with an annual capacity of 60,000 metric tons is expected to be fully operational in January 2026, and full production is expected to be achieved by 2026. Guolian Minsheng Securities pointed out that since early 2025, Indonesia has continuously introduced a series of policies such as SIMBARA full industry chain supervision, mandatory foreign exchange settlement for natural resource exports, and re-pricing of the HMA formula, aiming to strengthen control over the nickel supply side to support the nickel price. Due to the continuous downturn in nickel prices, there is an expectation of reduced nickel ore quotas in 2026. It is important to monitor the changes in Indonesian quota policies and the progress of existing capacity clearance.